In this news alert:

PERU - Annual Tax Payment for Foreign Residents No Longer Required

Effective immediately, the National Superintendency of Migration of Peru has repealed the previous requirement for foreign nationals resident in Peru to pay the "annual aliens rate" (TAE - Tasa Anual de Extranjeria) in the first quarter of each year.

Foreign national residents who submit an initial or renewal residence application in 2018 will not need to pay the TAE.

Action Items

Note that residence visa applications will cost less, and require one less administrative step, from 2018.

This news alert was prepared using information provided by AOV Abogados.